Motorcoach

MCI finalizes Setra acquisition

Posted on July 2, 2012

Motor Coach Industries Inc. (MCI) announced the completion of its acquisition of Setra’s operations in the U.S. and Canada and the establishment of a strategic partnership with Daimler Buses.  

Through the acquisition, MCI obtains responsibility for sales and service support of Setra S 417 and Setra S 407 motor coach models; the company’s pre-owned coach inventory; the distribution of Setra and related genuine Daimler Buses parts; and the operations of Setra’s service center in Orlando, Fla.

Daimler has also assumed a minority ownership position in MCI, forming an engineering, technology and manufacturing alliance as part of the transaction. Final terms of the agreement have not been disclosed.

“This transaction strengthens MCI’s luxury motor coach offerings in the North American marketplace with the Setra brand, while establishing a strategic partnership with the world’s leading manufacturer of motorcoaches,” MCI CEO Rick Heller. “While we expect to integrate our internal operations, the strategic intent is to maintain the integrity of the MCI and Setra brands. This includes maintaining a separate new-coach sales effort. Much of the consolidation will occur in internal and support functions, and we will communicate these changes with our customers as quickly as possible.”

View comments or post a comment on this story. (0 Comments)

More News

ABA, AAA implore leaders to address DC parking crisis

The groups urged planners to add parking near the National Mall for the millions of people who will visit by bus and car over the next several months, kicking off with the National Cherry Blossom Festival.

UMA operators hold 418 appointments during 'Capitol Hill Days'

In their meetings, UMA members shared information about their own businesses and rallied for backing of three critical needs: opposition of FMCSA's proposal to raise the Federal financial responsibility limits, support of Rep. Barletta's proposal  to remove CSA scores from public view until the data used to calculate the score can be improved, and support to preserve the current charter service rule.

Trailways taps Outstanding Motorcoach Driver of the Year

David Cooper of Pacific Coachways Trailways in Garden Grove, Calif., was presented by Bob Crescenzo, VP, safety & loss control, at Lancer Insurance, the awards event sponsor.

Chinatown bus passengers attack driver

State police said the driver did not speak or understand English and did not know he was supposed to stop in Richmond, Va. The driver was reportedly dragged out of his chair, while the bus was swerving in and out of lanes for a half mile or so.

ABA names new VP, Government Affairs

Suzanne Te Beau Rohde will succeed ABA's sr. VP, Government Affairs and Policy, Clyde Hart, who is retiring after 14 years.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close